Why do food and beverage wholesalers need insurance?
Buying, storing, and selling food and beverages in bulk involves unique risks. A fire or power outage could destroy your inventory and provide a major setback to a small wholesaler. Business insurance kicks in when disaster strikes, so you can recover from lawsuits, property damage, and theft.
Save money with Insureon
Insureon helps food wholesalers save money by comparing quotes for policies that match their risks.
Fill out Insureon's easy online application to get started.
What types of insurance do food and beverage wholesalers need?
General liability insurance
Commercial general liability insurance covers basic risks, such as customer property damage and injuries. Bundle it with commercial property insurance for savings in a BOP.
- Slip-and-fall accidents
- Damaged customer property
- Product liability insurance
Workers’ compensation insurance
Most states require workers' comp for food distribution businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
- Employee medical costs
- Disability benefits
- Employee bodily injury lawsuits
Business owner’s policy
A BOP bundles general liability insurance with commercial property coverage in one plan. It's often the most cost-effective small business insurance for food and beverage wholesalers.
- Customer injuries
- Inventory damage or theft
- Business interruption incidents
Commercial umbrella insurance
Commercial umbrella insurance boosts the liability coverage on your general liability insurance, commercial auto insurance, and employer’s liability insurance policies.
- Customer injury lawsuits
- Customer property damage lawsuits
- Employee injury lawsuits
Commercial auto insurance
Business auto insurance covers liability claims resulting from an accident involving a food wholesaler’s truck or other work vehicle. It can pay for property damage or injuries caused by your vehicle.
- Vehicle accidents
- Vandalism and theft
- Weather damage
Cyber insurance
A cyber liability policy helps food wholesalers recover from data breaches and cyberattacks. It's recommended for any business that stores credit card numbers or other sensitive data.
- Customer notification costs
- Credit monitoring services
- Data breach investigations
How much does insurance cost for wholesalers?
A small wholesaler with only a few employees can expect to pay less for insurance than a larger business.
Factors that affect the cost of wholesaler insurance include:
- Type of food products and services
- Business property and equipment
- Business income
- Additional coverage purchased, such as product recall insurance
- Policy limits and deductibles
How do I get food and beverage wholesaler insurance?
It's easy to get business insurance and surety bonds for food and beverage wholesalers and food manufacturers if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application
- Compare insurance quotes and choose policies
- Pay for your policy and download a certificate
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your wholesale food and beverage business, whether you work independently or hire employees.
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